On or around 07/08/2020 (Court's order of dismissal)
Filing Date: January 10, 2019
According to the Complalint, Wayfair is an online purveyor of household retail goods.
The Complaint alleges that during the Class Period, Defendants made false and misleading statements and/or failed to disclose adverse information regarding Wayfair’s business and prospects, including that Wayfair had been experiencing significantly diminished demand for its online product offerings and had significantly increased advertising spending to grow sales.
On April 1, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Lead Counsel. Lead Plaintiff filed a consolidated Complaint on July 1. Defendants filed a Motion to Dismiss the consolidated Complaint on August 30. On July 8, 2020, the Court issued an Order granting Defendants' Motion to Dismiss.
Company & Securities Information
Defendant: Wayfair Inc.
Sector: Consumer Cyclical
Industry: Textiles - Non Apparel
Headquarters: United States
Ticker Symbol: W
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.